Alrighty, for some unknown reason my wordpress is not allowing me to upload any images, this is what we call a “bad beat”. So, until I can figure out the problem I am going to post straight forward what you need to watch out for, and first up is CBOT Holdings (BOT). The stocks is [...]
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Written By: Teresa Appleton Stock Forum ID: Teresa
Friday closed the week red, again on light volume. Closing the week red across the broader markets on light volume gave the market a nice correction. This is the biggest drop the market has seen since the week of July 9th. Profit taking, light volume, [...]
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Yesterday’s close for NYSE Group (NYX) was significant as it was just under $100 and also a distribution day. And today, NYX is continuing to show downward momentum as it has fallen another 2% trading around $97.50 currently. The market’s bearishness has weighed on this stock and many others, but it is important to lay [...]
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Today’s movement puts Las Vegas Sands (LVS) under a key support lines. Also look at the volume on the stock, today is set to be a distribution day. Next support is around the 50 day moving average, or the blue line at around $85. Keep a close eye on LVS.
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Today the NASDAQ has a low of 2,401.93, which if you view the chart below you can see how the index is nearing its 50 Day Moving Average and key support line:
If this is broken then the market will be in some trouble, as falling through this support would be a very bearish sign. So, [...]
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View the chart and you can see the headline’s truth on Apple Computers (AAPL). Apple is about even on the day right now, trading on volume of just over 3 million, but is now well under the 50 Day Moving Average (50 MA). Apple joins stocks like Google (GOOG) and other leaders that have broke [...]
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You actually could probably compare the last 13 minutes of trade (it is 9:43 AM EST) to road runner the cartoon. Shares of Research in Motion (RIMM) opened up all the way at nearly $140, hitting a high today of $140.11, putting the stock up about 5%. And, as if there was a free fall [...]
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